I note the moderators censoring of various posts about this topic - However it is a real one and deserves to be allowed to be explored.
Facts:
Ahmed Fahour (Director and CEO of NAB) lodged an appendix 3Y notice with ASX(Change of directors interests) on the 5th November - In the notice it states that he has reduced his holdings (ie SOLD on market) 130,000 shares for $3,221,904.65 (Average $24.78) as at 3rd November 2008
On the 10th November 2008 the NAB announces a capital raising at $20.00
I will reply to my own message so that of my discussion cannot be seen to taint these facts.
J.
directors selling and capital raisings
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Last
$38.38 |
Change
0.460(1.21%) |
Mkt cap ! $118.0B | |||
| Open | High | Low | Value | Volume |
| $37.99 | $38.45 | $37.93 | $71.07M | 1.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3640 | $38.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.40 | 3001 | 12 |
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| NAB (ASX) Chart |